President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading
Although the agency was created by Democrats in an effort to protect consumers from abusive financial practices, it has continued to be viewed by Republicans as an unchecked power Continue reading
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading
In case you missed it, here are five stories from the holiday season that you may want to get caught up on, including a roundup of predictions from some of the real estate world’s biggest players. Continue reading
The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading
PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing. Continue reading
The CFPB claimed statements made by hosts of Townstone Financial’s AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage. Continue reading
Nation’s third biggest lender casts itself as a victim of politics, noting CFPB launched its investigation the day after Biden Administration took office. Continue reading
ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal. Continue reading
The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for a hearing on tackling appraisal bias. Continue reading